Posted originally on the conservative tree house March 12, 2021 | Sundance | 22 Comments
Joe Dan Gorman has done another outstanding job putting this production together. The entertainment is excellent, the music is awesome and the message is critically important. [Visit Website Here]
“In addition to the parallels to the tyranny of 1776— you need only look back to 2008-2010 to see near identical tactics and narratives (voter fraud, racism everywhere, open borders, pandemic planning, government over-reach)… not only by the left… but more importantly the duplicitous GOP. The only difference—is the left is louder and more aggressive, the destructive issues are the same.”
Posted originally on the conservative tree house March 6, 2021 | Sundance | 539 Comments
Attorney Lin Wood has released an interview with a whistleblower [pdf here] who operated for years within part of the apparatus connected to Deep State surveillance. While the focus is upon the activity of Rod Rosenstein and even Mike Pence as it relates to the Trump administration, there is part of the interview that connects to a much deeper aspect. The testimonial connects a larger story if you know what to extract.
While I am still reviewing the overall content, within the first few pages of the interview this segment jumps out – BIG TIME:
The whistle-blower is describing his activity in Baltimore, Maryland, while working with then U.S. Attorney Rod Rosenstein. At first review this part seems attributed only to attest the validity of the whistle-blower himself. However, read carefully what he just stated while reminding yourself of the issue encountered by former CBS reporter Sharyl Attkisson.
Most people have forgotten that Sharyl Attkisson’s story originated with some unknown entity planting “classified material’ on her laptop, which she discovered and then independently had reviewed by forensic auditors. Attkisson’s computer audit identified government intrusion into her computer system, which not coincidentally is exactly what the whistleblower is outlining in this segment of the testimonial. Stay with me…
You might also remember that later on –early 2020- someone provided Attkisson with details and a tip about the intrusion. That information then led to Ms. Attkisson refiling the lawsuit and, this is the important part…. Attkisson named Rod Rosenstein and Shawn Henry, a former FBI official in her follow-up lawsuit. Shawn Henry was the former head of the FBI DC field office, who also became the head of Crowdstrike, a contracted intelligence gathering operation for the government and a politically connected data security and forensic company.
With the information from the Lin Wood whistle-blower, it appears the activity he is admitting to undertaking is in direct alignment with the computer intrusion and illegal compromise that Attkisson narrowly avoided. All of the participants, and the identified corrupt activity, now merge.
The Lin Wood whistle-blower outlines how the Deep State was conducting electronic surveillance on political interests in order to compromise people. Shawn Henry was the head of Crowstrike, a known FBI contractor with access to the NSA database as outlined in the 2016 admissions by NSA Director Admiral Mike Rogers. The database was compromised by FBI contractors conducting political surveillance.
Both the Lin Wood whistle-blower and the tipster to Sharyl Attkisson are noting that Rod Rosenstein was one of the organizers of the operations from his role as U.S. Attorney in Maryland. Now all of the compromises are pictured, and all of the motives behind all of these players starts to make a lot more sense.
Here is the Lin Wood whistleblower testimony:
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Now overlay: (1) what we previously know about the NSA database exploits; and (2) Sharyl Attkisson’s computer intrusion:
A very interesting development appeared early in 2020 amid the ongoing effort of former CBS investigative journalist, Sharyl Attkisson, to resolve the issue of who spied on her, planted spyware and infiltrated her computer systems for illegal surveillance. [Attkisson website here]
According to a 2020 court filing [Source Here] a person who was engaged in the “wrongful activity” has come forward to provide Ms. Attkisson with details about the operation. As a result of those whistle-blower revelations Attkisson is able to name specific individuals who were running the operation:
Former DOJ Deputy AG Rod Rosenstein is named as the person who was in charge of the operation; and the former head of the FBI DC field office, Shawn Henry is also outlined.
Mr. Henry is the head of Crowdstrike, a contractor for the government and a politically connected data security and forensic company. Those who have followed the aspects related to the FBI use of the NSA database to illegally monitor U.S. persons; and those who followed the DNC cover story of Russia “hacking”; will be familiar with Crowdstrike.
According to the updated lawsuit (full pdf below) Rod Rosenstein, as the U.S. Attorney for Maryland, was in charge of the Obama 2011 and 2012 operation to monitor journalists specific to Ms. Attkissons reporting on Fast-n-Furious and Benghazi.
What I find additionally interesting is the overall timeline in the bigger picture.
In the April 2017 release from FISC Judge Rosemary Collyer outlining the abuses of the FISA-702 process by FBI “contractors”, where the NSA database was being use for unlawful surveillance of U.S. persons, Collyer specifically noted the findings of her review of the period from November ’16 to May ’17 (85% non compliant rate) was likely to have been happening since 2012. [Go Deep]
The “IRS Scandal” were the DOJ was creating a list of U.S. persons for political targeting, and requested CD ROM’s of tax filings, was the lead-up to the 2012 exploitation of the NSA database. [The Secret Research Project] So there’s a larger picture of government surveillance under the Obama administration that becomes more clear.
Political spying 1.0 was actually the weaponization of the IRS. This is where the term “Secret Research Project” originated as a description from the Obama team. It involved the U.S. Department of Justice under Eric Holder and the FBI under Robert Mueller. It never made sense why Eric Holder requested over 1 million tax records via CD ROM, until overlaying the timeline of the FISA abuse:
The IRS sent the FBI “21 disks constituting a 1.1 million page database of information from 501(c)(4) tax exempt organizations, to the Federal Bureau of Investigation.” The transaction occurred in October 2010 (link)
Why disks? Why send a stack of DISKS to the DOJ and FBI when there’s a pre-existing financial crimes unit within the IRS. All of the evidence within this sketchy operation came directly to the surface in early spring 2012.
This is the same time-frame when DNI James Clapper falsely denied to congress about the U.S. government -through the NSA- collecting metadata on all U.S. electronic communication. This is the same time-frame where CIA Director John Brennan was monitoring the computer networks of congressional intelligence oversight staff.
When you overlay the new information from the Attkisson lawsuit, what emerges is the picture of an intentional effort by the Obama administration to weaponize the ability to collect electronic information on domestic political opposition. It’s one long continuum.
Here’s the new Attkisson lawsuit (using new information from a whistle-blower):
.
Within the lawsuit the DOJ inspector general (Michael Horowitz) is identified as adverse to the interests of the case. Meaning DOJ Inspector General Michael Horowitz was engaged in behavior to help the institution cover-up what independent computer forensic technicians were able to discover. Employees from the IG’s office also told Ms. Attkisson they had received instructions from the DC offices adverse to the interest of truthful discovery.
In addition to the institutional cover-up effort; it would be worth noting the then current DOJ and FBI officials, who were identified as holding corrupt motives, were still positioned at key offices. An example is FBI Supervisory Special Agent David Archey (Mueller Team) being promoted to head up the Virginia FBI field office.
Obviously the DC institutional swamp is very deep and very corrupt. Current and former politicians and federal officials who have engaged in corrupt behavior, or who have facilitated corrupt -potentially unlawful- surveillance activity, are still working within the system to avoid exposure.
Another example was Christine Blasey-Ford hoax facilitator and Andrew McCabe attorney, Michael Bromwich, being hired by corrupt Chicago prosecutor Kim Foxx in an effort to protect herself from the outcome of the Jussie Smollett hoax in Chicago. Why does a Cook County, Illinois, State Attorney need to hire a DC-based lawyer?
It was obvious early on the Jussie Smollett hoax was connected to several members of the Obama team and network, the Smollett story directly connects to Kamala Harris. Michael Bromwich, who became Kim Foxx’s lawyer, is a former DOJ inspector general with ongoing direct contacts with corrupt DOJ and FBI officials inside the institutions. Chicago State Attorney Foxx hiring Bromwich is yet another example of DC managing the cover.
Suddenly all of the motives for all of these characters starts to merge with direct sunlight.
Whether it’s the identified weaponization of NSA databases to gain political leverage; or whether it was corrupt FBI officials covering for eachother and the DOJ ‘declining to prosecute’; or whether it was the need to put Rod Rosenstein into a position where he could cover for Deep State activity; or whether it was AG Bill Barr covering for the transparently corrupt former DAG Rod Rosenstein; or whether was the institutional need to hide DOJ scope memos given to Andrew Weissmann and Robert Mueller which initiated a false investigation (insurance policy) of a sitting United States President; or whether it is simply the need for the Obama crew to install an oblivious and cognitively impaired Biden so that Kamala Harris could continue the cover operation; one thing remains brutally obvious….
Let all of this settle in, contemplate it for a while, follow the dots and citations, and a very clear picture emerges that explains the motives all of these corrupt characters are carrying.
Posted originally on the conservative tree house March 6, 2021 | Sundance | 38 Comments
Diana West gave an interview in 2020 connecting the communist ideology to the infiltration of America’s intelligence agencies. This is a lengthy interview that deserves review based on the outcomes noticed in the past year.
Specific affirmation to the position of Ms. West surfaces in the Obama team effort to install Joe Biden and Kamala Harris {GO DEEP}https://www.youtube.com/embed/xZhDlf7sOaE?feature=oembed
The assumption in governments has always been that WE ARE THE PROBLEM – not them! They have really believed that if they could tax the underground economy they would have balanced budgets. We all know that in reality, no matter how much money they collect, they will always spend more. This idea that digital currency will wipe out crime is rather absurd. I was talking to a young person who buys their weed, like so many these days. They make a phone call, it is dropped off in their mailbox, and they pay by some cash transfer application. So they never even see the person anymore. So the move toward digital transactions has not eliminated the underground economy, it has actually improved it making it more efficient.
Meanwhile, the criminals have to learn now how to code in order to hack into systems. It seems that this trend is forcing criminals to become much more professional in their endeavors.
COMMENT: Mr. Armstrong, I thought you were wrong on Bitcoin and that it was a store of value. I can see now that it is only a trading vehicle as you have said. But what made me write to you is I just read that Dorsey is opening up an online bank. You got that right too. It is interesting when I read you and compare to others, you are the one who comes out correct in the end.
My humble apology for being a doubting, Thomas.
GP
REPLY: I know for a fact they have allowed Bitcoin and other cryptocurrencies to exist in order to condition people into accepting the end of paper money. I cannot understand people who think I am wrong and somehow cryptocurrencies will overthrow the dollar and governments. Really? Does anyone really believe that governments will just relinquish power willingly?
We are headed into a wave of inflation, but one that is constructed on shortages. One need only look at the systemic problems behind the shortages created by a planned economy during the communist era. A goods shortage was the norm. Those under communism were confronted with chronically empty store shelves. When the shelves were replenished on rare occasions, there were long lines that would form outside the stores for blocks. I had a Russian girl who worked for me as a programmer. She said the number one problem coming to America was having to make decisions in the store. She said they had only one type of toilet paper. There are so many here. She didn’t know how to buy anything for each purchase involved a choice and decision.
Even in China, there were ration coupons that became the norm. Just about everything was rationed. This is what takes place when the government is in control of production be it directly, or through what we are beginning to see, outrageous regulations – lockdowns which are hailed by Schwab’s World Economic Forum.
This is NOT really a question of I TOLD YOU SO. This is not a contest of my opinion v someone else. I really have to wonder if some of those mouthing these absurd forecasts are not being made as deliberate misinformation to move people toward a digital currency on behalf of the powers behind the curtain. They defy all reason and show either sublime stupidity or cunning devious misinformation to manipulate society to pull off this Great Reset.
I warned back on January 21, 2021, that BigTech sees the power to overthrow the banks. These powers have declared that they want everyone in the banking system worldwide to end paper money, which is over 1 billion people (just read the IMF). This is why Dorsey, Facebook, YouTube, and Google along with Microsoft were blocking Trump and funneling money to the Democrats who bribed them with the dream of controlling international banking. If governments take Schwab’s solution and default on all its debt, then they NO LONGER NEED THE BANKERS to sell their bonds. Branch banking will come to an end and these people think they will move to a controlled economy with no private debt. They are out of their minds!
I know what I am talking about. I have shaken the hand of Schwab. Have any of these people claiming Bitcoin will overthrow the dollar ever talked to anyone in authority? I have met with board members of the IMF. There are those who are so desperate to convince people not to listen to me because they are part of the entire scam against We the People. I have been approached many times to join these globalists. They preach the Fourth Industrial Revolution is coming, but post comments on YouTube to try to prevent people from looking at Socrates because it forecasts their demise. Sorry Schwab, but Socrates says you fail!
Schwab and his cohorts think locking us all down and destroying the economy and production is a good thing. I cannot see how ANYONE takes a position against me who is not really working against our freedom and human rights. They are so desperate to stop people looking at Socrates or the media to ever cover what Socrates is doing, all in their quest to conquer the world.
So it is not I TOLD YOU SO, this is not a matter of opinion. This is a serious global effort to redesign the world economy and Socrates stands in their way.
I am glad to see that you publicly touched on the idea of expiring credits, that in fact are in play. It is an old idea that has been talked and written about by members of the Club in many of their Private think tanks and in books and other literature going back to the early 1900s, if not earlier. Being sold as a way to bring about inflation, has other benefits, such as control, which would fit nicely with the elimination of private property.
There is no doubt the Club is desirous of this idea and is looking to bring this about soon. Of course, the people will have to use expiring credits, but not the elite. As it is still more of the same, expiring credits for thee, but not for me. The elite will continue to be allowed to have a way to accumulate and preserve wealth.
Now whether this idea will be brought out and be successful, is debatable. The main point is that it is in the works and not a benefit to most.
REPLY: I find it very interesting how history repeats yet these people think they have come up with an original idea. They NEVER do their research to see if it was ever used previously and how did it perform. Like the prostitute tokens of Rome trying to undermine the trade. Today, aside from trying to move to digital currency to terminate the underground economy, we still have politicians constantly trying to regulate vice one way or another without success. New York is legalizing prostitution so the girls do not go to jail but their patrons do. There were well-established houses of prostitution in Rome known as Lupanare. There too, we saw attitudes swing back and forth. The interesting aspect is that as Christianity became the state religion post 300AD, the prostitution moved to bath-houses.
So when Rome fell, so did bathing because to say you went to take a bath was one and the same to engage in prostitution. This gradually changed from prostitution to disease whereby engaging in bathing was seen as a questionable deed. A 16th-century book titled This is the Myrour or Glasse of Helth, advised: “Use not baths or stews, nor sweat too much, for all openeth the pores of a man’s body and maketh the venomous air to enter and for to infect the blood.”
It was actually Henry VIII’s marriage to Katherine of Aragon (1485-1536) that imported a cultural change. The sixteen-year-old Katherine was shocked when men would relieve their bladders in public places (Emerson 1996). The favorite spot for a urinal was the huge fireplaces of the times. This behavior she insisted had to end. In 1573, Thomas Tusser wrote in his ‘Five hundreth Goode Pointes of Husbandrie:
Some make the chimnie chamber pot to smell like Filthie stink, Yet who so bold, so soone to say, fough, how These houses stink? (Hibbert 1987, p. 201).
Katherine of Aragon’s marriage turned the Tudor court upside down. The ‘pissing areas’ were phased out by constructing more garderobes in the chambers of the palaces. She insisted on a new stricter guideline for the behavior of those at court and moved the Tudors toward higher standards of cleanliness. Like her father, Elizabeth I (1533-1603) maintained high standards and was said to have been offended by smell and uncleanliness. She was known to have regular baths and she had a portable bath she would travel with. The prevailing attitude that full bathing was unhealthy and could lead to death, was a curious transition from the uncleanly prostitution that took place in Roman bathhouses. Elizabeth shocked everyone when she insisted on bathing during her life and death battle with smallpox in 1562. The doctors swore she would die.
So I find it interesting that ideas seem to simply repeat throughout history just as futures contracts began in Babylon or insurance reappeared in London by people meeting in a coffee house of Llyod’s – ie Starbucks. But the interesting connection between prostitution and bathing and how that migrated to being just unhealthy to take a bath shows how something begins based upon one idea, the tradition is maintained, but the idea to justifies it morphs over time.
Christmas is the same thing. December 25th was the feast of the sun god Sol. From the time of the Roman Emperor Elagabalus (218-222AD), there was a movement toward the sun god who was called Sol Invictus insofar as he rose every day and thus was invincible. It was sort of a movement toward this idea of a superior god.
Here is a gold medallion of Constantine (307-337AD) with Sol. Until the Council of Nicaea in 325AD, Christians were persecuted, churches set ablaze and their wealth confiscated. The persecution of Christians peaked under the rule of Emperor Diocletian (ca. 245 – 316) which was one Pi cycle 31.4 years from Elagabalus. Diocletian wanted to revive old pagan cults and make them into a kind of state religion. The decline was Rome was being blamed on the Christians for refusing to worship the Roman gods. But Diocletian’s anti-Christian policies failed and were revoked under ultimately his successor, Emperor Constantine I.
However, Christianity did not really become the religion of the entire Roman Empire until officially February 27, 380AD. The decree of the Eastern Roman Emperor Theodosius I (379-395AD) had far-reaching consequences. It bound the Judeo-Christian roots of the European continent to Greco-Roman culture. About 200AD, a Christian teacher Clement of Alexandria (c. 150 – c. 215AD) in Egypt made reference to the date Jesus was born. According to Clement, several different days had been proposed by various Christian groups. Nevertheless, Clement never mentioned December 25 at all.
Nobody knew the day Christ was born, so with most holidays, they rapidly lose their meaning. Christmas, being December 25, was transformed from the feast of sol to that of Jesus. In 274AD, the Roman emperor Aurelian (270-275AD) established a feast of the birth of Sol Invictus (the Unconquered Sun), on December 25. He was trying to reestablish the confidence in the Roman Empire after the currency collapsed following the capture of the Roman Emperor Valerian I (253-260AD) in 260AD by the Persians. Creating Sol Invictus as an official holiday was in part to reassure the people that Sol would protect the Romans.
It was not that if Christmas looked like a pagan holiday, more pagans would be open to both the holiday and the God whose birth it celebrated. That does not seem plausible. We have Veteran’s Day and Labor Day but they are just party days for most people. They lose their original meaning as time passes.
Clearly, there was great uncertainty, but also a considerable amount of interest, in dating Jesus’ birth in the late 2nd century. By the 4th century, however, we find references to January 6 in the East (especially in Egypt and Asia Minor). The modern Armenian church continues to celebrate Christmas on January 6th. For European Christians, however, December 25th seems to have emerged more as a transformation of Sol Invictus to Chistmas by the time of the rise of Christianity and Constantine I the Great. This appears to be once again one Pi cycle of 31.4 years from 274AD taking us to 305AD. By the time we have The Battle of the Milvian Bridge which took place between the Roman Emperors Constantine I and Maxentius on October 28th, 312AD the armies were predominantly Christain.
Therefore, the 12 days of Christmas were the difference between the West being December 25th and the East being January 6th. The earliest mention of December 25 as Jesus’ birthday comes from a mid-4th-century Roman almanac that lists the death dates of various Christian bishops and martyrs. The first date listed, December 25, is marked: natus Christus in Betleem Judeae: “Christ was born in Bethlehem of Judea.” Therefore, around 400AD Augustine of Hippo mentions a local dissident Christian group, the Donatists, who apparently kept Christmas festivals on December 25. That appears to simply be the date of Sol which was morphed into Christmas being that Sol Invictus was also seen as a supreme god.
As far as exchanging gifts or small figurines known as sigillaria, that took place on the Holiday of Saturnalia which was the feast of Saturn celebrated on December 17th. The two holidays became merged on December 25th with the commercial aspect of gift-giving. The image of Sol became the Statue of Liberty with the rays of sunlight emerging from his head.
The idea that money will simply expire is by no means nothing new. Even the interest-baring notes of the American Civil War had expirations.
Senator Rand Paul questioned health nominee Rachel Levine on the process of gender ‘reassignment.’ Only there is no such thing as reassignment.
Wishful thinking and medical mutilation won’t change the fundamental DNA structure that resides in every cell of our bodies. Our sex is part of who we are—not an ‘assignment.’
One’s sex cannot be changed. Neither by means of surgery, nor hormones.
Yet for some reason we live in an age where the ’trans’ delusion is getting ’normalized.’ Wishful thinking is now considered science. We can’t debate the issue without being smeared as a hater or ’transphobic.’ Transgender people are the new sacred cows. One can no longer reasonably question the delusion. Government said so. Stooges representing science said so. Biden said so. Burly boys can claim to be girls and compete alongside them in sporting events—and they usually win. They also get to go into the girls’ locker rooms and we’re not supposed to question that, either.
As a libertarian I don’t care if men and women think they can transmogrify into the opposite sex. If they are adults and not hurting others, that’s their business. I do have a problem when it comes to minors wanting trans surgery and big government overruling parents who don’t want their kids mutilated. Teenagers aren’t mature enough to make such a life-changing and irreversible decision. It’s also why I don’t think children should be allowed to vote. They lack life experience and will usually vote for socialism and free stuff.
Senator Paul knows it’s impossible to ’transition’ from one sex to the opposite and he asked Levine simple and straightforward questions about whether we should allow children to make decisions that have permanent and major health implications—both mental and physical. Levine dithered. Paul finally stated it as clearly as he could:
“I’m alarmed that you’re not willing to say absolutely that minors shouldn’t be making decisions to amputate their breasts or to amputate their genitalia. For most of our history, we have believed that minors don’t have full rights and that parents need to be involved, so I’m alarmed that you won’t say with certainty that minors should not have the ability to make the decision to take hormones that will affect them for the rest of their life. Will you make a more firm decision on whether or not minors should be involved in these decisions?”
Levine still refused to answer the question and repeated “her” memorized statement:
“Senator, transgender medicine is a very complex and nuanced field. And if confirmed to the position of Assistant Secretary of Health, I would certainly be pleased to come to your office and talk with you and your staff about the standards of care and the complexity of this field.”
It’s not a complex and nuanced field. It’s not medicine. It’s doing harm to the bodies of children and doctors are supposed to do no harm. Why wouldn’t she answer the question? Her disingenuous response disqualifies her from office.
Paul was quickly attacked as being transphobic. We aren’t supposed to question the supposed science behind transgenderism because the trans people’s feelings might get hurt. To protect their feelings, any criticism of the transgender fad is labeled as ‘hate speech.’ Trans people have become a special caste and immune from any criticism whatsoever. A book that explained the transgender delusion was recently removed from Amazon. They said the book was ‘hate speech.’ This type of online book burning sets a very dangerous precedent.
We must be able to criticize government officials regardless of their race, religion, or sexual orientation. We must be able to debate and ask questions without fear of getting cancelled by identity politics.
The outage of the National Settlement Service and the Fedwire Securities Service, which provides issuance, settlement, and transfer services for Treasuries and other government securities, was down and this has caused some concern and then conspiracy theories mixed in. The Fed made progress reversing the shutdown within a couple of hours, however, this has illustrated that a long-term outage of the Fed’s online services could cause intense chaos across the world financial system, preventing banks and businesses from finalizing transactions and impeding basic banking functions.
The Federal Reserve said an outage of its key financial services on Wednesday was caused by a maintenance mistake and it is taking steps to prevent a recurrence. The official statement read:
“The incident was caused by an operational error involving an automated data center maintenance process that was inadvertently triggered during business hours,” a Fed spokeswoman said. Such tasks are normally performed after-hours, she said, adding, “This was human error.”
“Our technical teams have determined that the cause is a Federal Reserve operational error,” the Fed said on Wednesday on its website. “The Federal Reserve Banks have taken steps to help ensure the resilience of the Fedwire and NSS applications, including recovery to the point of failure.”
There was no power-outage so it does appear that the Federal Reserve was honestly calling it a disruption due to an ‘operational error’. This raises the issue of concern surrounding digital currency. Indeed, solar flares and other solar–mass ejections that travel through space can overwhelm Earth’s atmosphere and generate powerful electricand magnetic fields. These magnetic storms can occasionally be intense enough to disrupt the operation of high-voltageelectricity lines. A digital currency system could be brought to its knees with an EM attack.
We do have an EMP Task Force on National and Homeland Security whichissued a reporton China’s ability to conduct an Electromagnetic Pulse attack on the United States. China now has super-EMP weapons and could engage in a first-strike attack that could blackout the entire country. China could actually launch a surprise “Pearl Harbor” type attack that could produce a deadly blackout of the entire country. Indeed, China has built a network of satellites, high-speed missiles, and super-electromagnetic pulse weapons that could meltdown the electric power grid, fry critical communications, and even takeout the ability of our aircraft carrier groups to respond. All of this is possible today using EMP weapons rather than nuclear.
The outage at the Federal Reserve was not an attack, loss of power, or anything nefarious. It was indeed a human error. Nonetheless, this outage even for a few hours brought the economy to a halt. This is the system used by U.S. banks to execute some $3 trillion in transactions daily and the outage began around 11.15 am Eastern time on Wednesday, and remained down for more than three hours. Most of the key systems, including the backbone settlement services Fedwire and FedACH, were back online by 3 pm. Fedwire is the system for large transfers between banks which last year handled 184 million transactions totaling more than $840 trillion, or more than $3.3 trillion daily, according to Fed data.
Other affected systems included FedACH, the clearinghouse which generally handles smaller transactions such as paychecks, tax refunds, and utility bill payments. The National Settlement Service (NSS), used by depository institutions with Federal Reserve Bank master accounts, was also shutdown offline. Every other transaction service maintained by the Fed was also affected by the disruptions.
Fedwire Funds is the premier electronic funds-transfer service that banks, businesses, and government agencies rely on for mission-critical, same-day transactions. On a monthly basis, Fedwire handles more than 835,000 transactions a day on average, with a daily average dollar volume of $3.4 trillion.
CHIPS, a private-sector alternative to Fedwire run by The Clearing House, continued to operate normally. ET. CHIPS handles about $1.5 trillion a day, according to its website.
QUESTION: Marty, do you agree with other analysts who claim debt defaults create revolutions? From reading your work for decades now, I think you would say it was taxes. Am I correct?
Hopefully, see you at the next WEC again
KL
ANSWER: You are correct. Rome never had a national debt nor a central bank. State debt is really a post-Dark Age phenomenon and there have been plenty of sovereign defaults and the vast majority never involved revolution. The Spanish sovereign defaults took place, turning the country into a serial defaulter beginning in 1557 followed by 1570, 1575, 1596, 1607, and 1647 ending in a 3rd world status. Greece defaulted on its external sovereign debt obligations at least five previous times in the modern era (1826, 1843, 1860, 1894 and 1932). Even Magna Carta cut off the king’s ability to use the courts to raise money, which was before taxing the average person.
Anyone who claims that a sovereign default will unleash a revolution has not actually done the research. It is probably more of a sales pitch to get business with scare tactics. Both the American and French Revolutions were over taxes – not sovereign defaults.
We are headed into a revolutionary period, but it is being caused by this global hunt for taxation which is undermining the entire world economy. The sovereign default comes because of the collapse in commerce which is set in motion by raising taxes.
Yes, we are trying to pick a date for the next WEC. I am trying to be optimistic that our international clients can fly in. Of course, it all depends if Biden does not try to put a blockade around Florida because we have become the best state in America by preserving our freedom and it is at least far enough south to avoid the dip in the Jet Stream.
AOC “Thinks” More Wind Turbines Will Solve ALl Our Problems
In Texas, the cold snap and power outages have finally abated. For nearly a week millions of Texans suffered power blackouts during severely cold weather. Water was out as well. For awhile, Texas was plunged into the Dark Ages.
Part of the problem is America’s crumbling infrastructure. It is something President Trump addressed. He wanted to build new power plants, airports, bridges, and highways. Instead we have Biden carrying on Obama’s work of destroying America for the benefit of socialism and our enemy, China.
Biden’s regime did not want Texans to resort to emergency measures and burn more fossil fuels. Instead they had to rely on malfunctioning wind and solar farms, which proved ineffectual. It’s a bitter cold irony that Texas is rich in oil, yet the power still went out and for those who did get power, their electric bills skyrocketed.
Alexandria Ocasio Cortez said her new Green New Deal would have helped to prevent the blackouts in Texas. It’s illogical for her to believe that climate change, global warming, and white supremacy are causing blackouts, but logic isn’t illuminating the socialist mind of AOC.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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